Include the design, creation, and delivery of a product option (a) i.e, primary activities.
Inbound logistics, operation outbound logistics, marketing and sales, and service are the primary activities in the value chain. Infrastructure management, human resource management, and purchasing are examples of secondary or support tasks.
A value chain is a series of tasks that a business engaged in a certain industry completes in order to offer a worthwhile product to the final consumer. Well-managed primary activities are frequently the source of a business's cost advantage because management problems and inefficiencies are reasonably simple to spot here. This indicates that the company can produce a good or service for less money than its rivals.
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A cost that remains unchanged in total despite variations in the volume of activity within a relevant range is a fixed cost. The fixed cost is a type of cost behavior which remains unchanged regardless of the unit or activity changes in a production process<span>. There are four types of cost behavior, which are the fixed cost, the variable cost, the mixed cost, and the step cost.</span>
Answer:
Classical probability
Explanation:
Classical probability is calculated only when all possible outcomes in the sample space are down and equally likely to occur. It is the probability of known events or events whose resulting probabilities are definitive
For example, students are either left-handed, right-handed or ambidextrous
Subjective probability is a guess on the likelihood an event would occur.
Experimental probability is the probability derived by repeatedly carrying out an experiment and recording the outcomes
Answer:
The correct answer is letter "E": Normative.
Explanation:
Normative Economics incorporates <em>subjectivity </em>and <em>value judgments</em> focusing on what "<em>should be</em>". It is usually implemented at the governmental level. Normative Economics leaves the door open for future changes, eliminates absolute statements and provides an avenue for analysis of different economic scenarios.
Answer:
C = 1.75Q + 4,990
variable 1.75
fixed component 4,990
Explanation:
High-Low method:
we subtract the highest level of activity with the lowest one:
![\left[\begin{array}{ccc}High&44,360&82,620\\Low&19,962&39,924\\Difference&24,398&42,696\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7DHigh%2644%2C360%2682%2C620%5C%5CLow%2619%2C962%2639%2C924%5C%5CDifference%2624%2C398%2642%2C696%5C%5C%5Cend%7Barray%7D%5Cright%5D)
24,398 units generates 42,696 cost
with this information we can solve for variable cost.
42,696 / 24,398 = 1.75
Now we calcualte the fixed cost:
TC = variable x Q + fixed cost
82,620 = 1.75 (44,360) + fixed cost
82,620 - 77630 = 4990
the formula will be:
C = 1.75Q + 4,990
